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��14�1199 �� F�xtures or Personalty if the same are replaced with lik� items �f th� same or gr�at�r qua�ity or�alue, or make m�nor alterat�ons which da not impair th� M�rtgaged Pro�erty, and �h} so Iong as th� L�an is insured or h�ld by HUD, shafl not exp�nd any Pro�ect funds ex�ept from permiss�bi� withdrawa�s of Surp�us Cash and except for Reasonable ��erating �xpenses and necessary repairs without the pri�r written appro�al of H U D. So ��ng as th� Laan is �nsured ar h�ld by HUD, all �xpenses incurred �y B�rrow�r in connection with the Mortgaged Pr�perty sha�i be incurred in �ompliance with Program �bl�gations. '19. PR�PERTY AND LlAB�LITY INSURANCE. �a} Borrower shall keep the Mortgaged Pr�perty insured at al� t�mes agaEnst su�h hazards as Lender may from time ta time requir�, which insurance shail include but not b� limited to coverage against Ioss by f�r� and al�i�d p�ri�s, general boiler and machinery co�erage, buiiders all-risk and business income coverag�, Lender's insurance requ�rements may change from t�me t� tim� thraughout th� t�rm �f th� Indebt�dness. If Lender so requires, such insurance shall also �nciude sinkh�l� insuranc�, mine subsidence insuranGe, earthquake insurance, and, �f the Martgaged Prop�rty dnes not conf�rm t� ap�li�able zoning or land use laws, buElding ardinance or law �ov�rage. If any �f the Improvements are lacat�d in an area identified by the F�deral Em�rgency Management Agency �or any su��essor to that ag�n�y} as an area having special flood hazards, Borrawer shall maintain ffood 'rnsuranc� cover�ng th� Impra�ements in an amount at �east equa� to its de�elopment or �ro�ect coSt �less estimated land cast} or to the maximum f�m�t of co��ra�� made a�ailab�� with resp�ct to the particuiar type of property und�r th� Nati�nal Flo�d Insurance Act af 195�, as amended, �r its successvr statute, whrche�er is less, pro�ided that the amount af flood insurance need nat exceed the autstanding princ�pal balance of the Note, and flood �nsuranc� n��d not b� maintain�d b�y�nd tne term �f the Note. If L�nd�r determin�s that fl�ad insurance has n�t been abtained �n the requir�d amount, Lender must nvtify Borraw�r of B�rr�wer's obligations t� obtain the proper flood �nsurance. [f Borrower do�s n�t vbtain such insurance within 45 da�s of the date �f this notificat�on, L�nder sha!! purGhas� such f�o�d insurance an behalf of Borrow�r and may charge Borrow�r for the cost of prem�ums and fees �ncurred by Lender in �urchas�ng th� flo�d insurance. �b} A�I pr�miums on insurance polici�s requir�d under S�ctian �9�a} shall be �a�d in the manner pr��id�d in Section ?, unless Lender has designated in writing another method of payment. All such p�lici�s sha�l als� be in a form appr��ed by L�nder. A�1 poli�ies of �raperty damag� insurance shall incfude a n�n-contribut�ng, non- r�porting mortgag� ciaus� in a form ap�rov�d by Lender, and in fa��r of Lender �and H U D, as their Enter�sts appear} and shall name as Ioss payee L�nd�r, its succ�ss�rs and ass�gns. Lender shall have the right to hald the original po��cies or dupficate original po�ic��s of afl insurance r�quir�d by Section �19�a}. Borr�w�r shail prom�t�y deli��r to Lender a copy af all renewal an� �ther notices rece��ed by Barrow�r with r�spe�t to the Previous editions are obsolete HUD MF Security Instrument HUD-940D�M�Rev.04111}